Steve Madden's CEO said the company will reduce the goods it imports from China by as much as 45% over the next year. On the campaign trail, President-elect Donald Trump said he would impose a 10% to 20% tariff on all imports,

Steven Madden Ltd. executives said they are accelerating plans to shift sourcing out of China to other countries after Donald Trump’s victory in the US presidential election.

His victory is now likely to hinder Xi Jinping’s plans to transform the country into a technology powerhouse – and further strain relations between the world’s two biggest economies. A property slump,